2,037 Shares in UFP Industries, Inc. $UFPI Purchased by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,037 shares of the construction company’s stock, valued at approximately $202,000.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of UFP Industries during the 1st quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd lifted its stake in UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock valued at $45,000 after purchasing an additional 119 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in UFP Industries during the second quarter valued at $59,000. Signaturefd LLC increased its position in UFP Industries by 222.5% in the first quarter. Signaturefd LLC now owns 816 shares of the construction company’s stock worth $87,000 after buying an additional 563 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in UFP Industries in the second quarter worth $91,000. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Down 0.4%

Shares of NASDAQ:UFPI opened at $92.00 on Monday. The firm has a fifty day moving average price of $94.31 and a two-hundred day moving average price of $98.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. UFP Industries, Inc. has a one year low of $88.78 and a one year high of $141.33. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 17.01 and a beta of 1.43.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.08). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 10.16% and a net margin of 5.00%.The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. Analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st. UFP Industries’s dividend payout ratio (DPR) is 25.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Loop Capital started coverage on UFP Industries in a research report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price target on the stock. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a research report on Thursday, October 30th. DA Davidson upgraded shares of UFP Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $112.00 in a research note on Friday, October 31st. Finally, Stifel Nicolaus set a $95.00 price target on shares of UFP Industries and gave the company a “hold” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, UFP Industries currently has an average rating of “Hold” and a consensus price target of $113.50.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.